New Depression

In "New Depression," Richard Duncan explores the precarious state of the global economy and warns of the potential for a new Great Depression. Published by John Wiley & Sons Inc in 2012, this insightful book spans 179 pages and delves into the pivotal moment in 1968 when the United States ceased backing dollars with gold. Duncan argues that this fundamental shift altered the nature of money, removing previous constraints on money and credit creation, and leading us into a new economic paradigm. With a keen analysis of economic conditions, financial crises, and monetary policy, "New Depression" provides readers with a compelling understanding of the current economic landscape and offers strategies to avert impending disaster. This essential read is perfect for anyone interested in economic history and the future of financial stability.